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Technically Speaking, December 2007

From the Editor

While the MTA continues to grow, the need for volunteers grows as well. All committees need more help, and there are several positions on the Board of Directors to fill in the next election. (more information on the call for nominees on the insert). Many organizations seeing the growth that we enjoy would be desperate to find enough volunteers. The MTA is not facing desperate times, we are very fortunate to have a large number of active volunteers.  Hopefully no one will think we have enough volunteers, because there is always room for more. But, we are able to maintain the same amazing level of activity that we always have even as membership has grown.  If you’re not involved, look at the web site and see if there is anything that interests you. Many committees and chapters could use more help, and with more help they can deliver more high quality services. It’s your MTA, help make it even better. Sincerely, Mike Carr, CMT

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What's Inside...

From the Executive Director

MTA Membership: During the busy holiday season, there has been a lot going on with the MTA… I would like to congratulate those of you who have passed Levels 1 and 2 of the fall CMT Exam....

Ralph Vince

by Molly Schilling & Ralph Vince

I had the pleasure of speaking to Ralph Vince by phone on October 1, 2007 – he was in his office in Ohio and I was in my home in Connecticut. MMS: So what’d you think of this market today? RV: I...

“The Handbook of Portfolio Mathematics: Formulas for Optimal Allocation & Leverage” by Ralph Vince

by Michael Carr, CMT

John Bollinger, CFA, CMT, has already written the definitive review of this book: “This is quite simply the most important investment book that you haven’t read yet. Mr. Vince explains in a clear...

John Tortorella

The day after Thanksgiving, November 23, 2007, the MTA lost a member. John Tortorella, died suddenly at the all-too-young age of 61. John passed away just as he lived – quietly and surrounded by...

MTA Journal of Technical Analysis

by Connie Brown, CFTe, MFTA

Hello Colleagues! Let me start by thanking Charlie Kirkpatrick for his editorial leadership surrounding the Journal of Technical Analysis. The task of sourcing valuable articles is time consuming to...

2008 Charles H. Dow Award Competition

by George A. Schade, Jr., CMT

The competition for the 2008 Charles H. Dow Award is open. The award for excellence and creativity in technical analysis has been presented since 1994, and today it is the most important writing...

“Focus on Members” Survey

by Phil Roth, CMT & Tom Silveri

Dear MTA Member, As you may know, the MTA Board of Directors and staff are actively moving forward with specific initiatives to drive our strategic goals of: Increasing the awareness of technical...

Nominations Committee News….

by Jordan Kotick, CMT

MTA Members, At this point, we have filled all nominating committee positions for the upcoming Board selection process. I am pleased to announce that our nominating committee this year has the...

From the Executive Director

From the Executive Director

MTA Membership:

During the busy holiday season, there has been a lot going on with the MTA…

  • I would like to congratulate those of you who have passed Levels 1 and 2 of the fall CMT Exam. Registration, if not opened yet, will be opened shortly. A special congratulations goes to those who passed the Level 3 Exam. I hope you have, at a minimum, begun the member process, and we welcome you all as the newest group of CMTs.
  • As you have seen through many communications, the MTA has been working with an outside brand consultant. I would like to thank those of you that took the time to fill out our “Focus on Members” survey, and ask those of you who haven’t done so, to please go to the MTA Member Homepage and provide us with your input. To effectively complete this task, it is important that we gather as much

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

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Ralph Vince

Ralph Vince

I had the pleasure of speaking to Ralph Vince by phone on October 1, 2007 – he was in his office in Ohio and I was in my home in Connecticut.

MMS: So what’d you think of this market today?

RV: I haven’t looked at it.

MMS: Really?

RV: I haven’t even looked at it. I generally look at that on a weekly basis. I mean I know that there’s been a rate cut. I know oil is moving. But I couldn’t tell you what the indexes are doing.

MMS: Really? You only look on a weekly basis. When do you look? What’s the routine?

RV: I usually look on Saturday morning – I read Barron’s. I’ve made a conscious effort to make things be long-term, and to take a more long-term perspective on things because in the last 20 years – as everything has become more compressed through computerization – things have become considerably more

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Molly Schilling

Ralph Vince

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“The Handbook of Portfolio Mathematics: Formulas for Optimal Allocation & Leverage” by Ralph Vince

“The Handbook of Portfolio Mathematics: Formulas for Optimal Allocation & Leverage” by Ralph Vince

John Bollinger, CFA, CMT, has already written the definitive review of this book:

“This is quite simply the most important investment book that you haven’t read yet. Mr. Vince explains in a clear and forthright manner why position sizing is so important, demonstrates the importance of getting it right and shows you how to determine the correct position size for your approach.

While Mr. Vince’s past books were good, “The Handbook of Portfolio Mathematics” is a quantum leap forward. It brings together all his prior research and couples it with the benefit of many years worth of real-time application of his principals. The exposition is rigorous for those who want to delve into the math, while the prose allows the less mathematically inclined reader full access to his ideas.”

Ralph Vince has previously demonstrated unparalleled expertise in money management, a field he may have invented. In

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Michael Carr, CMT

Michael Carr, CMT

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John Tortorella

John Tortorella

The day after Thanksgiving, November 23, 2007, the MTA lost a member. John Tortorella, died suddenly at the all-too-young age of 61. John passed away just as he lived – quietly and surrounded by the family that meant more to him than anything else in life.

John’s life and work symbolized the spirit of the Market Technicians Association in the twenty-first century. He was an entrepreneur, having been a self-employed technical analyst for much of his career. John worked as an advisor to money managers throughout the country, including some of the largest funds in the world. He also partnered with an independent research firm, Sixth Man Research, where he published research until his passing.

Although John’s analysis incorporated his own unique indicators he developed over the years, admirers often said his work had incredible value because it was the most useful analysis they had

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

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MTA Journal of Technical Analysis

MTA Journal of Technical Analysis

Hello Colleagues!

Let me start by thanking Charlie Kirkpatrick for his editorial leadership surrounding the Journal of Technical Analysis. The task of sourcing valuable articles is time consuming to say the very least, but for those of you who know Charlie, no task is too daunting for him. The MTA owes Charlie a big THANK YOU!!

When the MTA asked me to be the Editor for its Journal of Technical Analysis I must admit I was excited. The Journal has been the repository of some of the best TA papers in the market. In my view, the Journal must continue to represent the best of technical analysis thinking out in the market today. It also needs to have a good mix of classical, quantitative analysis, and academic research support. It is extremely important to those of us on your Journal Committee to begin to ensure all areas of specialties within our industry

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Connie Brown, CFTe, MFTA

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2008 Charles H. Dow Award Competition

2008 Charles H. Dow Award Competition

The competition for the 2008 Charles H. Dow Award is open. The award for excellence and creativity in technical analysis has been presented since 1994, and today it is the most important writing competition in the field.

The last day to submit papers is February 1, 2008. The Board of Directors has approved a $2,000 cash prize. The standards for writing content and style have been raised.

The winning author will be invited to discuss the paper at a national MTA seminar or at a monthly meeting of an MTA regional chapter. The paper or a summary may be published in the MTA’s Journal of Technical Analysis, in Technically Speaking, and the MTA website. The author of the runner-up paper may receive a certificate.

The guidelines are posted on the MTA’s Web site under Activities. Address inquiries to DowAward@mta.org.

Recipients of the Charles H. Dow Award have been:

  • 1994 Charles D. Kirkpatrick, II, CMT, “Charles

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

George A. Schade, Jr., CMT

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“Focus on Members” Survey

“Focus on Members” Survey

Dear MTA Member,

As you may know, the MTA Board of Directors and staff are actively moving forward with specific initiatives to drive our strategic goals of:

  1. Increasing the awareness of technical market analysis, in public and investment communities around the world.
  2. Promoting technical market analysis and the value of the CMT designation in the markets where our members operate.

The Board has been working with an outside consulting firm (MIBOSO) on these initiatives. At this point in time, we need input from you, our Affiliates and Members. We want you to tell us about your professional challenges and goals. We also want you to comment on MTA’s strengths and weaknesses and to rate a member supplied “Wish List” of suggestions – an array of thoughts and ideas on how we can add value. This survey should take no more than 10 minutes to complete. (And we are demonstrating our appreciation in a totally

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Philip J. Roth, CMT

Phil Roth, CMT

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Nominations Committee News….

Nominations Committee News….

MTA Members,

At this point, we have filled all nominating committee positions for the upcoming Board selection process. I am pleased to announce that our nominating committee this year has the diversity of MTA representation that truly covers the general membership of the MTA.

As you know, all Offi cer positions (President, Vice President, Treasurer and Secretary) come up for consideration for the 2-year term that commences July 1, 2008. In addition, two (2) At-large Board positions also come up for consideration for the 3-year term that commences July 1, 2008 — A total of six (6) positions!

Over the next two (2) months, we are encouraging any Member, Honorary Member or Emeritus Member in good standing to submit your name for consideration by the nominating committee, along with a description of the Board position you are seeking. The nominating committee will then seek out your completion of a tailored questionnaire as part

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

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New Educational Content This Month

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